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Australian base-metals and gold miner operating the Peak, Federation and Hera mines in the Cobar Basin, New South Wales.
Australian base-metals and gold miner operating the Peak, Federation and Hera mines in the Cobar Basin, New South Wales.
Sells metal concentrates to smelters and traders, which pay for the metal contained less charges, plus gold sold to refiners, so earnings follow gold, copper and zinc prices and the grade of ore mined. All producing mines are in one district, the Cobar Basin of New South Wales, and Great Cobar is being developed as a further mine.
In one line: A small-cap US polymetallic miner.
Moat: none. Multi-mine but small-scale polymetallic miner with no pricing power over commodity outputs.
Headquarters: Sydney, Australia · Founded: 2003
Size Aurelia Metals (AMI.AX) is an Australia Materials company (Precious Metals) with a market value of $477M, the 267th largest of 316 Australia companies the cockpit tracks. Shares closed at A$0.40 on 6 Nov 2026.
Performance Over six months the shares gained 15.9%, against -20.4% for the median peer and +4.1% for the Australia market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 39.8% over the last twelve months (peer median +81.2%); the operating margin is 27.2% (peer median 12.5%).
Valuation It trades at 4.8× forward earnings against a peer median of 5.7× (3rd cheapest of 8).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 17.0 points above its cost of capital (11.5% WACC).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$480M | A$480M | A$343M | A$310M | A$369M |
| Revenue growth | — | +40% | +11% | -16% | — |
| Gross profit | A$143M | A$140M | A$82.4M | A$27.7M | -A$34.1M |
| EBITDA | A$193M | A$194M | A$111M | A$81.5M | A$54.7M |
| Net income | A$82.7M | A$82.7M | A$48.9M | -A$5.73M | -A$52.2M |
| Free cash flow | A$34.8M | A$34.8M | A$25.8M | A$29.5M | A$10.4M |
| Capital expenditure | A$121M | A$121M | A$116M | A$82.9M | A$46.5M |
| Total debt | n/a | A$7.28M | A$8.58M | A$7.93M | A$12.7M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Aurelia Metals AMI.AX | $477M | +16% | +40% | 27% | 4.8× | -5.8% |
| South32 S32.AX | $13.7B | -1% | -4% | 15% | 12.7× | 6.3% |
| 29Metals 29M.AX | n/a | -21% | n/a | n/a | n/a | n/a |
| Sandfire Resources SFR.AX | $6.20B | -4% | +32% | 32% | 13.3× | 9.2% |
| CMOC 603993.SS | $41.0B | -29% | +32% | 20% | 8.7× | -5.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AMI.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.1% | -8.6% | 11th highest of 21 |
| 6-month return | +15.9% | -20.4% | 6th highest of 21 |
| Distance from 52-week high | -24.5% | -36.9% | 7th highest of 21 |
| Revenue growth (TTM) | +39.8% | +81.2% | 3rd lowest of 7 |
| Operating margin | 27.2% | 12.5% | 3rd highest of 9 |
| Forward P/E | 4.8× | 5.7× | 3rd cheapest of 8 |
| Growth the price implies (Req g, 7 yrs) | -5.8% | 0.8% | 2nd least demanding of 4 |
| Growth delivered (Del g) | +2.9% | n/a | — |
| Hurdle (Req g minus delivered) | -8.7 pp | n/a | — |
| ROIC minus cost of capital | +17.0 pp | -19.1 pp | 2nd highest of 17 |
| EV / EBITDA | 2.9× | 4.2× | 3rd cheapest of 6 |
| Net debt / EBITDA | -0.7× | -1.1× | 2nd most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Aurelia Metals AMI.AX | Australia | $477M | +16% | +40% | 27% | 4.8× | -5.8% | +2.9% |
| Heliostar Metals HSTR.TO | Canada | $475M | +10% | n/a | 22% | 8.3× | 15.3% | n/a |
| Thor Explorations THX.V | Canada | $466M | -26% | +29% | 63% | 2.2× | n/a | n/a |
| Meteoric Resources MEI.AX | Australia | $464M | +12% | n/a | n/a | n/a | n/a | n/a |
| Ausgold AUC.AX | Australia | $495M | +42% | n/a | n/a | n/a | n/a | n/a |
| Rusoro Mining RML.V | Canada | $457M | -5% | n/a | n/a | n/a | n/a | n/a |
| Goldgroup Mining GORO.V | Canada | $500M | -21% | +215% | 3% | 5.7× | n/a | n/a |
| Integra Resources ITR.V | Canada | $453M | -20% | +71% | 26% | 5.7× | 0.8% | +70.9% |
| ATEX Resources ATX.TO | Canada | $443M | -45% | n/a | n/a | n/a | n/a | n/a |
| Thesis Gold & Silver TAU.V | Canada | $516M | -31% | n/a | n/a | n/a | n/a | n/a |
| Asante Gold ASE.V | Canada | $439M | -39% | +28% | -22% | 1.4× | n/a | n/a |
| Contango Silver & Gold CTGO | United States | $520M | -43% | n/a | n/a | 5.6× | n/a | n/a |
| New Murchison Gold NMG.AX | Australia | $433M | +19% | +1,594,866% | 67% | n/a | -19.0% | n/a |
| San Lorenzo Gold SLG.V | Canada | $431M | +101% | n/a | n/a | n/a | n/a | n/a |
| Rox Resources RXL.AX | Australia | $532M | +13% | n/a | n/a | n/a | n/a | n/a |
| WIA Gold WIA.AX | Australia | $533M | -22% | n/a | n/a | n/a | n/a | n/a |
| Turaco Gold TCG.AX | Australia | $540M | +29% | n/a | n/a | n/a | n/a | n/a |
| IperionX IPX | United States | $540M | -66% | n/a | n/a | n/a | n/a | n/a |
| Brightstar Resources BTR.AX | Australia | $542M | +68% | +91% | -116% | n/a | n/a | n/a |
| Goldsky Resources GSKR.V | Canada | $543M | -28% | n/a | n/a | n/a | n/a | n/a |
| Forrestania Resources FRS.AX | Australia | $547M | -33% | n/a | -4,833% | 8.9× | n/a | n/a |